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The meaning of PAR is the established value of the monetary unit of one country expressed in terms of the monetary unit of another country using the same metal as the standard of value.

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Individual banks were required to accept each others' notes at par, which forced the free market out of banking as notes from distressed banks could no longer be discounted.

par. noun [ C ] abbreviation for paragraph (Definition of par from the Cambridge Academic Content Dictionary © Cambridge University Press)

In golf, par is the average number of times an excellent player needs to hit the ball, either for one particular hole or for the entire course. You might describe the fourth hole, for example, as being par …

the state of the shares of any business, undertaking, loan, etc., when they may be purchased at the original price (issue par) or at their face value (nominal par).

Gain hands-on understanding on PAR’s popular assessment tools. Whether you're considering a new instrument or looking for details on a test you already use, our product training is ideal for mental …

the state of the shares of any business, undertaking, loan, etc., when they may be purchased at the original price issue par or at their face value nominal par.

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